Longquan shares: the first half of the net profit loss of 2.4 million-3.5 million!

On July 8, Shandong Longquan Pipe Industry Co., Ltd. issued a performance forecast for the first half of 2023. The

announcement shows that the net profit attributable to shareholders of listed companies in Longquan Pipe Industry in the first half of the year is expected to be 2.4 million to 3.5 million yuan, compared with a loss of 53.6495 million yuan in the same period last year.

Longquan shares in the report analysis: the reporting period, PCCP business, metal pipe fittings business orders executed better, operating income increased by about 15% to 20% over the same period last year; In addition, as the Company completed the disposal of some inefficient idle assets in the previous year and improved the utilization efficiency of assets, the fixed costs and expenses decreased during the reporting period compared with the same period last year. To sum up, the operating results of the Company for the reporting period improved as compared with the corresponding period of last year.